First Quantum Minerals Ltd. (TSE:FM) Given Average Recommendation of “Hold” by Analysts

First Quantum Minerals Ltd. (TSE:FMGet Free Report) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$16.03.

FM has been the subject of a number of recent research reports. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$17.00 to C$18.00 in a report on Monday, March 4th. TD Securities lifted their price objective on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a “hold” rating in a report on Monday, March 4th. BMO Capital Markets lifted their price objective on First Quantum Minerals from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research report on Monday, March 4th. Citigroup cut their price objective on First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Finally, Barclays upgraded First Quantum Minerals from an “underperform” rating to an “equal weight” rating and boosted their price objective for the company from C$11.00 to C$13.00 in a research report on Thursday, February 29th.

Get Our Latest Stock Analysis on First Quantum Minerals

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$14.58 on Wednesday. The business’s 50-day simple moving average is C$12.78 and its 200 day simple moving average is C$18.24. The stock has a market cap of C$12.15 billion, a price-to-earnings ratio of -7.84, a P/E/G ratio of -1.28 and a beta of 1.97. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21.

First Quantum Minerals (TSE:FMGet Free Report) last announced its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The firm had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. As a group, research analysts anticipate that First Quantum Minerals will post 0.7777202 earnings per share for the current year.

About First Quantum Minerals

(Get Free Report

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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